Figure A
Still room for profits to fall and make room for wage growth: Labor share of income in the corporate sector, 2000–2023
| date | Labor share |
|---|---|
| Jan-2000 | 81.8% |
| Apr-2000 | 82.0% |
| Jul-2000 | 82.5% |
| Oct-2000 | 83.2% |
| Jan-2001 | 83.2% |
| Apr-2001 | 82.9% |
| Jul-2001 | 83.1% |
| Oct-2001 | 84.1% |
| Jan-2002 | 82.3% |
| Apr-2002 | 82.0% |
| Jul-2002 | 81.8% |
| Oct-2002 | 80.8% |
| Jan-2003 | 80.3% |
| Apr-2003 | 80.2% |
| Jul-2003 | 79.8% |
| Oct-2003 | 79.9% |
| Jan-2004 | 78.7% |
| Apr-2004 | 78.6% |
| Jul-2004 | 78.5% |
| Oct-2004 | 78.4% |
| Jan-2005 | 77.1% |
| Apr-2005 | 76.8% |
| Jul-2005 | 76.9% |
| Oct-2005 | 75.7% |
| Jan-2006 | 75.3% |
| Apr-2006 | 75.2% |
| Jul-2006 | 74.6% |
| Oct-2006 | 75.9% |
| Jan-2007 | 77.2% |
| Apr-2007 | 76.7% |
| Jul-2007 | 78.0% |
| Oct-2007 | 79.0% |
| Jan-2008 | 79.5% |
| Apr-2008 | 79.5% |
| Jul-2008 | 79.8% |
| Oct-2008 | 83.6% |
| Jan-2009 | 79.8% |
| Apr-2009 | 79.4% |
| Jul-2009 | 78.4% |
| Oct-2009 | 77.4% |
| Jan-2010 | 76.3% |
| Apr-2010 | 76.8% |
| Jul-2010 | 74.8% |
| Oct-2010 | 74.9% |
| Jan-2011 | 77.1% |
| Apr-2011 | 75.9% |
| Jul-2011 | 76.0% |
| Oct-2011 | 74.2% |
| Jan-2012 | 73.9% |
| Apr-2012 | 74.1% |
| Jul-2012 | 74.4% |
| Oct-2012 | 75.1% |
| Jan-2013 | 74.7% |
| Apr-2013 | 75.0% |
| Jul-2013 | 75.1% |
| Oct-2013 | 74.8% |
| Jan-2014 | 76.0% |
| Apr-2014 | 74.1% |
| Jul-2014 | 73.3% |
| Oct-2014 | 73.7% |
| Jan-2015 | 74.2% |
| Apr-2015 | 74.3% |
| Jul-2015 | 74.9% |
| Oct-2015 | 75.3% |
| Jan-2016 | 74.9% |
| Apr-2016 | 75.4% |
| Jul-2016 | 75.4% |
| Oct-2016 | 75.6% |
| Jan-2017 | 75.9% |
| Apr-2017 | 75.9% |
| Jul-2017 | 76.3% |
| Oct-2017 | 76.1% |
| Jan-2018 | 75.8% |
| Apr-2018 | 75.3% |
| Jul-2018 | 75.2% |
| Oct-2018 | 75.4% |
| Jan-2019 | 76.0% |
| Apr-2019 | 76.1% |
| Jul-2019 | 75.4% |
| Oct-2019 | 75.5% |
| Jan-2020 | 77.8% |
| Apr-2020 | 77.5% |
| Jul-2020 | 73.2% |
| Oct-2020 | 75.6% |
| Jan-2021 | 74.1% |
| Apr-2021 | 72.7% |
| Jul-2021 | 73.6% |
| Oct-2021 | 74.1% |
| Jan-2022 | 74.2% |
| Apr-2022 | 73.0% |
| Jul-2022 | 73.0% |
| Oct-2022 | 72.9% |
| Jan-2023 | 73.6% |
| Apr-2023 | 73.9% |
| Jul-2023 | 73.7% |
Note: Data from the National Income and Product Accounts (NIPA) Tables 1.14 and 6.16. Profits of Federal Reserve Banks are stripped out. Precise measure is labor compensation divided by the sum of labor compensation and net operating surplus.
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